J.V. IMMO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
J.V. IMMO
Largest movements
- Tangible fixed assets -€28,813
down €28,813 (-8.4%), from €343,579 to €314,765
of which Land and buildings: -€25,000
- Receivables within one year +€4,241
up €4,241 (+8.5%), from €49,675 to €53,917
- Short-term financial debts -€15,278
down €15,278 (-11.1%), from €137,500 to €122,222
- Debts after one year -€13,653
down €13,653 (-11.5%), from €118,967 to €105,314
- Other debts +€6,500
up €6,500 (+6.5%), from €99,453 to €105,953
- Gross operating margin +€1,421
up €1,421 (+3.5%), from €40,848 to €42,269
- Depreciation -€468
down €468 (-1.6%), from €29,281 to €28,813
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €409,327 | €385,884 | -€23,443 | -5.7% |
| Fixed assets | 21/28 | €343,579 | €314,765 | -€28,813 | -8.4% |
| Tangible fixed assets | 22/27 | €343,579 | €314,765 | -€28,813 | -8.4% |
| Land and buildings | 22 | €326,225 | €301,225 | -€25,000 | -7.7% |
| Plant, machinery and equipment | 23 | €17,354 | €13,540 | -€3,813 | -22.0% |
| Current assets | 29/58 | €65,749 | €71,119 | +€5,370 | +8.2% |
| Amounts receivable within one year | 40/41 | €49,675 | €53,917 | +€4,241 | +8.5% |
| Other amounts receivable | 41 | €49,675 | €53,917 | +€4,241 | +8.5% |
| Cash at bank and in hand | 54/58 | €9,717 | €10,817 | +€1,100 | +11.3% |
| Deferred charges and accrued income | 490/1 | €6,357 | €6,385 | +€28 | +0.4% |
| Total equity and liabilities | 10/49 | €409,327 | €385,884 | -€23,443 | -5.7% |
| Equity | 10/15 | €37,088 | €36,924 | -€164 | -0.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,588 | €9,424 | -€164 | -1.7% |
| Amounts payable | 17/49 | €372,239 | €348,960 | -€23,280 | -6.3% |
| Amounts payable after more than one year | 17 | €118,967 | €105,314 | -€13,653 | -11.5% |
| Financial debts | 170/4 | €118,967 | €105,314 | -€13,653 | -11.5% |
| Amounts payable within one year | 42/48 | €253,272 | €243,646 | -€9,626 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €15,734 | €15,070 | -€664 | -4.2% |
| Financial debts | 43 | €137,500 | €122,222 | -€15,278 | -11.1% |
| Credit institutions | 430/8 | €137,500 | €122,222 | -€15,278 | -11.1% |
| Trade debts | 44 | €585 | €400 | -€185 | -31.6% |
| Suppliers | 440/4 | €585 | €400 | -€185 | -31.6% |
| Other amounts payable | 47/48 | €99,453 | €105,953 | +€6,500 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,281 | €28,813 | -€468 | -1.6% |
| Other operating charges | 640/8 | €2,944 | €3,012 | +€67 | +2.3% |
| Gross operating margin | 9900 | €40,848 | €42,269 | +€1,421 | +3.5% |
| Operating profit (loss) | 9901 | €8,622 | €10,444 | +€1,822 | +21.1% |
| Financial charges | 65/66B | €10,497 | €10,608 | +€111 | +1.1% |
| Recurring financial charges | 65 | €10,497 | €10,608 | +€111 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,875 | -€164 | +€1,711 | +91.3% |
| Profit (loss) for the period | 9904 | -€1,875 | -€164 | +€1,711 | +91.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,875 | -€164 | +€1,711 | +91.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.